Smart Commerce for Smart Cities

Urbanization
in India is occurring at a breakneck pace.
The speed of growth in cities poses huge challenges, but also offers big
opportunities. Currently, 31% of India’s
population lives in cities; these cities also generate 63% of the nation’s
economic activity. These numbers are
rapidly increasing, with almost half of India’s population projected to live in
its cities by 2030.

In response
to the growing size and influence of cities, the Indian government, under the
leadership of Narendra Modi, has set a bold and ambitious urban development
agenda. Prime Minister Modi’s signature
program is called the Smart Cities Mission, which aims to improve the quality
of life in 100 of India’s fast-growing urban centers. Smart Cities focus on the most pressing needs
and on the greatest opportunities to improve quality of life for residents
today and in the future.

The dynamism
of the urban service sector will depend critically on data driven solutions,
streamlining service delivery for greater efficiency and broad inclusion to
serve the expanding urban middle class while delivering a better quality of
life in terms of environment, health, education, transportation and recreation. The promise of urban life is the promise of
greater community and a higher standard of living.

CAIT
believes that by embracing digital payments and harnessing the data that
payments and usage generate, cities can become smarter and deliver on their
mandate to their citizens and traders can prosper with increase in business by
being at the forefront of technology.